Millennium Management LLC Sells 53,224 Shares of KT Co. (NYSE:KT)

Millennium Management LLC lessened its position in KT Co. (NYSE:KT - Free Report) by 81.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,495 shares of the technology company's stock after selling 53,224 shares during the period. Millennium Management LLC's holdings in KT were worth $194,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of KT. Capital International Investors acquired a new stake in shares of KT during the fourth quarter worth about $135,833,000. Wellington Management Group LLP increased its stake in KT by 392.0% during the 4th quarter. Wellington Management Group LLP now owns 9,917,081 shares of the technology company's stock worth $153,913,000 after purchasing an additional 7,901,522 shares in the last quarter. North of South Capital LLP raised its holdings in KT by 2,407.3% during the 4th quarter. North of South Capital LLP now owns 4,217,653 shares of the technology company's stock worth $65,458,000 after buying an additional 4,049,439 shares during the period. Boston Partners lifted its stake in KT by 215.6% in the fourth quarter. Boston Partners now owns 1,247,881 shares of the technology company's stock valued at $19,380,000 after buying an additional 852,539 shares in the last quarter. Finally, Beck Bode LLC bought a new position in KT in the fourth quarter valued at approximately $12,974,000. Institutional investors own 18.86% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on KT shares. UBS Group started coverage on shares of KT in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Wall Street Zen lowered shares of KT from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, May 20th. Finally, The Goldman Sachs Group upgraded KT from a "neutral" rating to a "buy" rating in a report on Monday, March 3rd.

KT Stock Down 0.7%

KT stock traded down $0.15 during midday trading on Friday, reaching $19.98. The stock had a trading volume of 800,198 shares, compared to its average volume of 1,235,261. The stock has a market capitalization of $10.30 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.37 and a beta of 0.66. The firm's fifty day simple moving average is $18.86 and its 200-day simple moving average is $17.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.98 and a current ratio of 1.04. KT Co. has a 1-year low of $13.11 and a 1-year high of $20.28.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.